ACTIVE

ELARMEC

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Financial year 2025 · closed on 31/12/2025

Net result

234,7 k €

+30.1% YoY

Gross margin

392,9 k €

+31.7% YoY

Equity

1,4 M €

+19.5% YoY

What does ELARMEC do?

ELARMEC is a Public limited company incorporated in 1977. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0417.863.033

Incorporation

14/12/1977

Legal form

Public limited company

Registered office

Avenue Louise 143 box 4
1050 Ixelles · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	392,9 k €	+31.7%	298,3 k €	-61.4%	772,1 k €	+109%	369,7 k €	+19.8%	308,6 k €	-58.6%	745,7 k €	-3.8%	775,5 k €	-0.8%	781,8 k €	+0.7%	776,3 k €	+3.0%	753,4 k €	+2.2%	737,4 k €	+2.9%	716,4 k €	+7.8%	664,3 k €	+2.7%	646,7 k €	+2.7%	629,5 k €	+1.7%	618,9 k €	-33.9%	936,2 k €	+62.6%	575,9 k €	+1.7%	566,4 k €
EBITDA	367,2 k €	+38.3%	265,6 k €	-64.5%	748,3 k €	+119%	342,3 k €	+21.9%	280,9 k €	-60.9%	718,1 k €	-4.2%	749,9 k €	-0.6%	754,2 k €	+0.3%	751,8 k €	+3.1%	729,3 k €	+2.2%	713,5 k €	+2.8%	694,3 k €	+7.4%	646,7 k €	+2.7%	629,5 k €	+2.7%	612,9 k €	+1.7%	602,6 k €	-33.9%	911,4 k €	+62.8%	559,8 k €	-0.0%	560 k €
Operating result	327,2 k €	+45.0%	225,6 k €	-69.0%	728,3 k €	+163%	276,9 k €	+17.6%	235,5 k €	-63.7%	648,1 k €	+1.8%	636,3 k €	-0.7%	640,6 k €	+0.4%	638,2 k €	+3.6%	615,7 k €	+2.6%	599,9 k €	+4.3%	575,2 k €	+12.6%	511 k €	-6.8%	548,2 k €	+4.3%	525,7 k €	+2.0%	515,4 k €	-33.7%	777,8 k €	+63.6%	475,4 k €	-0.0%	475,6 k €
Net result	234,7 k €	+30.1%	180,4 k €	-67.5%	554,7 k €	+187%	193,2 k €	+15.3%	167,6 k €	-63.6%	459,8 k €	-0.5%	462 k €	+12.8%	409,5 k €	+1.4%	403,9 k €	+5.8%	381,9 k €	-15.8%	453,8 k €	+4.6%	433,8 k €	+5.0%	413 k €	-11.0%	464,3 k €	+3.2%	450,1 k €	+1.1%	445,2 k €	-31.9%	653,6 k €	+70.3%	383,9 k €	+10.4%	347,8 k €
Balance sheet
Equity	1,4 M €	+19.5%	1,2 M €	+17.6%	1 M €	-30.3%	1,5 M €	+3.0%	1,4 M €	+13.3%	1,3 M €	+57.7%	797,1 k €	-4.5%	835,1 k €	-9.8%	925,5 k €	-9.4%	1 M €	+59.7%	639,7 k €	-37.6%	1 M €	+23.3%	832,2 k €	-11.4%	939,1 k €	-0.1%	939,8 k €	+10.0%	854,7 k €	+26.7%	674,6 k €	+5.2%	641 k €	+22.8%	522,1 k €
Total assets	1,7 M €	+2.9%	1,7 M €	-30.4%	2,4 M €	+20.0%	2 M €	+14.4%	1,8 M €	+1.0%	1,7 M €	-15.5%	2,1 M €	-3.1%	2,1 M €	-8.7%	2,3 M €	+0.3%	2,3 M €	+1.4%	2,3 M €	-10.7%	2,6 M €	+12.6%	2,3 M €	+140%	948,2 k €	-5.6%	1 M €	-9.7%	1,1 M €	-6.8%	1,2 M €	-19.1%	1,5 M €	-11.2%	1,7 M €
Cash	466,3 k €	+748%	55 k €	-81.1%	291,6 k €	+21614%	1,3 k €	-98.4%	81,8 k €	+351%	18,1 k €	-92.6%	244,7 k €	+11.1%	220,2 k €	+2.8%	214,2 k €	+13.7%	188,3 k €	+350%	41,9 k €	-76.2%	176,2 k €	+465%	31,2 k €	+430%	5,9 k €	+200%	2 k €	-81.4%	10,5 k €	-78.3%	48,6 k €	+49.3%	32,5 k €	-87.7%	265,6 k €
Debts	202,8 k €	-52.2%	424,7 k €	-69.5%	1,4 M €	+155%	546 k €	+114%	255,3 k €	-47.3%	484,2 k €	-55.0%	1,1 M €	-2.3%	1,1 M €	-9.3%	1,2 M €	+9.9%	1,1 M €	-32.4%	1,6 M €	+21.4%	1,3 M €	-5.6%	1,4 M €	+15685%	9,1 k €	-85.9%	64,1 k €	-75.1%	257,5 k €	-50.4%	519,4 k €	-33.4%	779,8 k €	-27.9%	1,1 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 22 ended

Active mandates

NILES INVESTMENTS SA

Managing director · since 26 juillet 2019 · until 12 juin 2024

Represented by Amir Salih

Active

Ended mandates

NILES INVESTMENTS SA

Managing director · since 12 juillet 2018 · until 12 juin 2024

Represented by OSAMA MAHMOUD SALIH

Ended

NILES INVESTMENTS SA

Managing director · since 12 juillet 2018 · until 12 juin 2026

Represented by OSAMA MAHMOUD SALIH

Ended

Osama Mahmoud Salih

Director · since 12 juillet 2018 · until 12 juin 2024

Ended

OSAMA MAHMOUD SALIH

Director · since 12 juillet 2018 · until 12 juin 2024

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/07/2026	28/09/2025	29/09/2024	31/07/2023	17/10/2022	04/08/2021
General meeting	12/06/2026	29/06/2025	14/06/2024	30/06/2023	30/06/2022	15/07/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/06/2026	27/07/2026	French	PDF
Abridged model	31/12/2024	29/06/2025	28/09/2025	French	PDF
Abridged model	31/12/2023	14/06/2024	29/09/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	31/07/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	17/10/2022	Dutch	PDF
Abridged model	31/12/2020	15/07/2021	04/08/2021	French	PDF
Abridged model	31/12/2019	27/08/2020	27/10/2020	French	PDF
Abridged model	31/12/2018	30/07/2019	27/08/2019	French	PDF
Abridged model	31/12/2017	12/07/2018	27/08/2018	French	PDF
Abridged model	31/12/2016	09/06/2017	09/08/2017	French	PDF
Abridged model	31/12/2015	25/04/2016	27/06/2016	French	PDF
Abridged model	31/12/2014	22/06/2015	04/08/2015	French	PDF
Abridged model	31/12/2013	21/08/2014	22/08/2014	French	PDF
Abridged model	31/12/2012	14/06/2013	21/08/2013	French	PDF
Abridged model	31/12/2011	27/06/2012	12/07/2012	French	PDF
Abridged model	31/12/2010	10/06/2011	04/07/2011	French	PDF
Abridged model	31/12/2009	15/03/2010	28/04/2010	French	PDF
Abridged model	31/05/2008	22/10/2008	26/11/2008	French	PDF
Abridged model	31/05/2007	28/09/2007	29/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 22 ended

Active mandates

NILES INVESTMENTS SA

Managing director · since 26 juillet 2019 · until 12 juin 2024

Represented by Amir Salih

Active

Ended mandates

NILES INVESTMENTS SA

Managing director · since 12 juillet 2018 · until 12 juin 2024

Represented by OSAMA MAHMOUD SALIH

Ended

NILES INVESTMENTS SA

Managing director · since 12 juillet 2018 · until 12 juin 2026

Represented by OSAMA MAHMOUD SALIH

Ended

Osama Mahmoud Salih

Director · since 12 juillet 2018 · until 12 juin 2024

Ended

OSAMA MAHMOUD SALIH

Director · since 12 juillet 2018 · until 12 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office28/07/2026
SIEGE SOCIAL
PDF
Registered office28/10/2024
SIEGE SOCIAL
PDF
Mandates15/10/2024
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office16/08/2022
SIEGE SOCIAL
PDF
Mandates16/08/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates31/07/2018
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/09/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates28/06/2013
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025234,7 k €↑
2024
Annual accounts 2024180,4 k €↓
2023
Annual accounts 2023554,7 k €↑
2022
Annual accounts 2022193,2 k €↑
2021
Annual accounts 2021167,6 k €↓
2020
Annual accounts 2020459,8 k €↓
2019
Annual accounts 2019462 k €↑
2018
Annual accounts 2018409,5 k €↑
2017
Annual accounts 2017403,9 k €↑
2016
Annual accounts 2016381,9 k €↓
2015
Annual accounts 2015453,8 k €↑
2014
Annual accounts 2014433,8 k €↑
2013
Annual accounts 2013413 k €↓
2012
Annual accounts 2012464,3 k €↑
2011
Annual accounts 2011450,1 k €↑
2010
Annual accounts 2010445,2 k €↓
2009
Annual accounts 2009653,6 k €↑
2008
Annual accounts 2008383,9 k €↑
2007
Annual accounts 2007347,8 k €
14/12/1977
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ELARMEC

Overview

What does ELARMEC do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline